How Analysts Feel About PG&E Corporation (NYSE:PCG)?

Investors sentiment increased to 1.02 in 2019 Q2. Its up 0.65, from 0.37 in 2019Q1. It improved, as 39 investors sold PG&E Corporation shares while 84 reduced holdings. 56 funds opened positions while 70 raised stakes. 438.18 million shares or 4.10% more from 420.90 million shares in 2019Q1 were reported.
Dimensional Fund Advsr Limited Partnership holds 838,338 shares. King Street Capital Mngmt Limited Partnership invested 6.66% of its portfolio in PG&E Corporation (NYSE:PCG). Cibc Asset Management has invested 0% in PG&E Corporation (NYSE:PCG). Cornerstone Advsr reported 0% of its portfolio in PG&E Corporation (NYSE:PCG). Bank Of Mellon reported 950,357 shares. Tci Wealth Advsr holds 27 shares or 0% of its portfolio. The Minnesota-based Us Natl Bank De has invested 0% in PG&E Corporation (NYSE:PCG). Royal London Asset Management owns 217,650 shares for 0.05% of their portfolio. Destination Wealth Mgmt holds 0% in PG&E Corporation (NYSE:PCG) or 1,203 shares. Tpg Gp Holdings (Sbs) Advsr holds 1.00M shares. Ny State Common Retirement Fund stated it has 0.03% in PG&E Corporation (NYSE:PCG). Owl Creek Asset Limited Partnership has 4.84 million shares for 3.67% of their portfolio. Ftb Advisors holds 0% of its portfolio in PG&E Corporation (NYSE:PCG) for 300 shares. Morgan Stanley reported 0% of its portfolio in PG&E Corporation (NYSE:PCG). 454 are owned by Csat Invest Advisory Limited Partnership.

PG&E Corporation (NYSE:PCG) Ratings Coverage

Among 4 analysts covering Pacific Gas & Electric (NYSE:PCG), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Pacific Gas & Electric has $2300 highest and $400 lowest target. $15’s average target is 34.17% above currents $11.18 stock price. Pacific Gas & Electric had 13 analyst reports since March 19, 2019 according to SRatingsIntel. On Wednesday, March 20 the stock rating was maintained by Barclays Capital with “Hold”. UBS maintained it with “Hold” rating and $20 target in Tuesday, March 19 report. UBS maintained PG&E Corporation (NYSE:PCG) on Friday, June 21 with “Hold” rating. Morgan Stanley maintained PG&E Corporation (NYSE:PCG) rating on Monday, July 15. Morgan Stanley has “Equal-Weight” rating and $2300 target. As per Monday, August 19, the company rating was downgraded by Citigroup. UBS maintained PG&E Corporation (NYSE:PCG) rating on Tuesday, August 20. UBS has “Neutral” rating and $1300 target. Morgan Stanley maintained the stock with “Hold” rating in Tuesday, March 19 report. Below is a list of PG&E Corporation (NYSE:PCG) latest ratings and price target changes.

20/08/2019 Broker: UBS Rating: Neutral Old Target: $24.0000 New Target: $13.0000 Maintain
19/08/2019 Broker: Citigroup Old Rating: Buy New Rating: Sell Old Target: $33.0000 New Target: $4.0000 Downgrade
15/07/2019 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $17.5000 New Target: $23.0000 Maintain
28/06/2019 Broker: Wolfe Research Old Rating: Outperform New Rating: Peer Perform Downgrade
21/06/2019 Broker: Morgan Stanley Rating: Hold Maintain
21/06/2019 Broker: UBS Rating: Hold New Target: $22 Maintain
23/05/2019 Broker: BidaskScore Rating: Hold Upgrade
11/05/2019 Broker: BidaskScore Rating: Sell Downgrade
28/03/2019 Broker: BidaskScore Rating: Hold Downgrade
20/03/2019 Broker: Barclays Capital Rating: Hold New Target: $20 Maintain

The stock increased 10.69% or $1.08 during the last trading session, reaching $11.18. About 18.86 million shares traded or 137.38% up from the average. PG&E Corporation (NYSE:PCG) has declined 58.05% since September 13, 2018 and is downtrending. It has underperformed by 58.05% the S&P500.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural clients primarily in northern and central California. The company has market cap of $5.92 billion. The companyÂ’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 59 transmission switching substations, and 606 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 92 electric transmission substations. It currently has negative earnings. The Company’s natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities.

More notable recent PG&E Corporation (NYSE:PCG) news were published by: Seekingalpha.com which released: “PG&E seeks $14B-plus in equity for restructuring plan – Bloomberg – Seeking Alpha” on September 05, 2019, also Streetinsider.com with their article: “Morgan Stanley Sees Tactical Trade in PG&E Corporation (PCG) – StreetInsider.com” published on August 26, 2019, Seekingalpha.com published: “PG&E Finally Filed Their Ch.11 Reorganization Plan – Seeking Alpha” on September 10, 2019. More interesting news about PG&E Corporation (NYSE:PCG) were released by: Seekingalpha.com and their article: “Playing With Fire Looking At Pacific Gas & Electric – Seeking Alpha” published on August 30, 2019 as well as Schaeffersresearch.com‘s news article titled: “PG&E Braces for Major Drop After Bankruptcy Ruling – Schaeffers Research” with publication date: August 19, 2019.

PG&E Corporation (NYSE:PCG) Institutional Positions Chart

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